The Econometric SocietyEdited by: Guido W. Imbens • Print ISSN: 0012-9682 • Online ISSN: 1468-0262
August 15, 2022
Econometrica: Jul, 2021, Volume 89, Issue 4
https://doi.org/10.3982/ECTA17617
p. o1-o10
Haruki Kono, Michihiro Kandori
In their analysis of strategic information transmission, Vincent Crawford and Joel Sobel (1982) showed the existence of partition equilibria (Theorem 1). Although the theorem itself is correct, the proof contains some incorrect statements. We present a counter‐example and provide a correct version of the proof.
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